Categories: News

Rajesh Exports ,Stocks prices increase after they bag a $13 bn order with UAE

Rajesh Exports, one of the largest jewelry manufacturers in India has bagged an export order for diamond studded and gold jewelry and medallions from the UAE. The order amounts to a whopping $13 bn or Rs 1360 crore.

This has set the share prices for Rajesh Export stocks soaring in the stock market with the prices increasing by 2%. A few months ago, the company also won an export order from Singapore for gold and diamond studded jewelry. This order amounted to Rs 1123 crore.

The order is to be completed by 31st of January of 2016. Rajesh exports plans to complete this order at their manufacturing unit situated in Bengaluru. This unit sprawls across 12 acres of land and has a capacity to process around 250 tonnes of gold into jewelry.

And earlier in July, Rajesh Exports had acquired Swiss-based gold refinery Valcambi for an all cash deal of USD 400 million. This deal will allow the company to venture into European and North American markets. This presents a prospective opportunity for the company to expand and diversify into international markets.

To achieve a stable share in International markets, Rajesh Exports has created a dedicated series of designs to lure local consumers in such international markets. Rajesh Exports also sells jewelry under the brand Shubh Jewellers and has 83 showrooms across the country.

The current market for the company amounts to Rs 19126.58 crore.

Recent Posts

“IVF isn’t just a biological but an emotional process as well,” says Dr. Sarita Sukhija, the visionary behind Myra IVF

IVF has been a beacon of hope in the world of those who’re facing challenges…

2 days ago

Geetika Mahandru on Bonga Bonga: The Mystery Liqueur Shaking Up the Bar Scene

IndoBevs, established in 2007, is not just a company that strived to enter the AlcoBev…

3 weeks ago

Top Strategies for Developing a Successful Entrepreneurial Mindset

Building a successful entrepreneurial mindset is the key to turning your business dreams into reality.…

3 weeks ago

Jagmohan Garg Times of Hope Have Now Begun on Rekha Gupta Becoming the CM of Delhi

Jag Mohan Garg, Chairman & Managing Director (CMD) of Tirupati Infraprojects, extends heartiest congratulations to…

3 weeks ago

How Digital Marketing Can Skyrocket Your Business in 2025

In today’s fast-paced digital world, having an online presence is no longer optional—it’s essential. Whether…

2 months ago

Why BlueNeba Technologies is the Best Choice for Solar Power in India

Harness the Power of the Sun with BlueNeba Technologies Solar energy is transforming the way…

2 months ago